aspen dental | t-mobile | pnc bank
TRANSCRIPT
Brand New 10-Year Corporate Leases | Outstanding Tenant Credit | 185-Mile Trade Area
Aspen Dental | T-Mobile | PNC Bank 1427 E Dixie Drive | Asheboro, NC
Offering Memorandum
Subject Property *Some signage is a rendering, please contact Broker for more information
Confidentiality and Restricted Use Agreement
This Confidential Offering Memorandum (“COM”) is provided by Stan Johnson Company (“SJC”), solely for your consideration of the opportunity to acquire the commercial property described herein (the “Property”). This COM may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without prior written authorization and consent of SJC.
This COM does not constitute or pertain to an offer of a security or an offer of any investment contract. This COM contains descriptive materials, financial information and other data compiled by SJC for the convenience of parties who may be interested in the Property. Such information is not all inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. SJC has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. An interested party must conduct its own independent investigation and verification of any information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon SJC.
The Property may be financed or withdrawn from the market without notice, and its owner(s) reserve(s) the right to negotiate with any number of interested parties at any time. The Property is offered and sold by its owner(s) as is, where is, and with all faults, without representation or warranty of any kind except for any customary warranties of title.
BY ACCEPTING THIS COM, YOU AGREE THAT: (1) all information contained herein, and all other information you have received or may hereafter receive from SJC relating to the Property, whether oral, written or in any other form (collectively, the “Information”), is strictly confidential; (2) you will not copy or reproduce, and claim as your own without attribution to SJC, all or any part of this COM or the Information; (3) upon request by SJC at any time, you will return and/or certify your complete destruction of all copies of this COM and the Information; (4) for yourself and all your affiliates, officers, employees, representatives, agents and principals, you hereby release and agree to indemnify and hold harmless SJC all of its affiliates, officers, employees, representatives, agents and principals, from and with respect to any and all claims and liabilities arising from or related to the receipt or use of this COM and/or any other Information concerning the Property; (5) you will not provide this COM or any of the Information to any other party unless you first obtain such party’s acceptance and approval of all terms, conditions, limitations and agreements set forth herein, as being applicable to such party as well as to you; and (6) monetary damages alone will not be an adequate remedy for a violation of these terms and that SJC shall be entitled to equitable relief, including, but not limited to, injunctive relief and specific performance, in connection with such a violation and shall not be required to post a bond when obtaining such relief.
Stan Johnson Company6120 South Yale Avenue | Suite 300Tulsa, Oklahoma 74136 P: 918.494.2690
stanjohnsonco.com
Offered Exclusively by
Anne Perrault Director [email protected]
Ryan Butler Managing Director & Partner [email protected]
Brad Moulder Senior Director & Partner [email protected]
David Annett Associate Director [email protected]
Brandon Sherrill Associate [email protected]
Jacob Ryan Investment Analyst [email protected]
In Association With: Jeff Hughes NC Broker #101282
Point of Contact
N
Executive Summary
Location:1427 E Dixie Dr Asheboro, NC
Property Use: Retail
Total GLA: 7,984
Total Land Area: 0.84 AC
Year Built: 2021
Ownership Interest: Fee Simple
Percentage of Occupancy:
100%
Total Units: Three (3)
NOI: $326,450
Weighted Average Lease Term:
+/- 9.96 Years
Parcel Number: 7761605624
Purchase Price:$5,777,876
Cap Rate:5.65%
GreensboroWinston-Salem
Raleigh
Charlotte
High Point
Trade Area Population: 80,000 Consumers
Asheboro
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 3
Rent Roll
Tenant SF % of GLA LTR (Years)
Rent ScheduleRecoveries Renewal Options
Begin Expiration Annually Monthly Rent PSF Increase
Aspen Dental 3,500 43.84% 9.80 6/17/2021 6/30/2031 $131,256 $10,938 $37.50 10% every Five
(5) YearsNN 3, 5yr Options
T-Mobile* 2,000 25.05% 9.74 5/21/2021 5/31/2031 $70,000 $5,833 $35.00 10% every Five
(5) YearsNN 2, 5yr Options
PNC Bank 2,484 31.11% 10.33 12/1/2021 12/31/2031 $125,200 $10,433 $50.40 10% every Five
(5) YearsNN 2, 5yr Options
Total/Average 7,984 100.00% WALT: 9.96 $326,450
* Tenant has a one-time Termination Option in Year 7
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 4
Brand New 10-Year Corporate Leases
1.8 Million Visits to Asheboro Mall
Purchase Price:$5,777,876
Cap Rate:5.65%
Outstanding Tenant Credit
100% Recovered Trade Area
185-Mile Trade Area
HighlightsStrong National Credit Tenants | Brand New 10-Year Corporate Leases The Property is occupied by Aspen Dental, T-Mobile, and PNC Bank which are all operating under strong corporate backed leases. Each Tenant is an experienced operator in outparcel centers such as this one. Additionally, all three Tenants have executed brand new 10-year leases with renewal options extending past 2041.
Located at the Entrance to a Top Performing Shopping Mall The Property is located at the entrance to Asheboro Mall, a regional shopping mall that is anchored by national retailers Belk, Cinemark, Ross and Dunham’s Sports. Asheboro Mall has a more than 150-mile trade area and has had more than 1.8 million estimated visits in the last 12 months. Asheboro Mall ranks within the top 20% of shopping centers nationally based off of total visits in the last 12 months. The Asheboro Mall underwent an extensive interior and exterior renovation completed in early 2021. Interior upgrades included new ceiling tiles, pendant and canned lighting, carpet and wall coverings. All mall exterior entrances including facades and building signage were remodeled and upgraded, new pylon signage was installed, the parking lot was refreshed (the sealcoating and restriping is occurring fall of 2021) and extensive landscaping improvements were completed to provide optimal visibility. In addition, the former Sears facility located at the back of the mall was demolished to provide an enhanced exterior entrance, glass storefronts and additional parking.
Main Thoroughfare Frontage 32,238 VPD | Strong Retail Corridor The Property is located directly adjacent to a dedicated ingress/egress point from E Dixie Dr (32,238 VPD) and has more than 200’ of frontage on E Dixie Dr. Adjacent national retailers include Planet Fitness, Marshalls, Hobby Lobby, McDonald’s, BP, Staples, Food Lion, Harbor Freight, Chick-fil-A, Chili’s, Walmart, Lowe’s, and 3 hotels.
185-Mile Trade Area Asheboro Mall and the surrounding outparcels have a 185-mile trade area that is populated with more than 80,000 people and roughly 30,000 households.
100% Recovered Trade Area Visitation levels for Asheboro Mall have fully recovered to 2019 levels, showing a 100% recovery rate from the economic effects of the COVID-19 pandemic.
2021 New Construction The Property was constructed in the Spring of 2021 and has a 20-year roof warranty.
Legacy Location for PNC Bank PNC operated from a free-standing bank at this location for many years, prior to the redevelopment of the site for its current multi-tenant use.
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 5
Source: Placer.ai
Consumer Traffic Statistics & Trade Area
# of Visits
273 - 4.4K
205 - 272
137 - 204
69 - 136
< 68
1.8 Million Estimated VisitsThe Property is an outparcel to Asheboro Mall which has had an estimated 1.8 million visits in the last 12 months
Outstanding RecoveryVisits to Asheboro Mall have recovered 100% to pre-COVID levels
Top U.S. Shopping Center Asheboro Mall ranks in the top 20% of shopping centers in the United States for visits over the past 12 months
Retail Trade AreaAsheboro Mall and the surrounding outparcels have a trade area of more than 185 Miles
3 mi
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 6
Revenue Total PSF
Rental Revenue
Base Rent $326,450.00 $40.89
Total Rental Revenue $326,450.00 $40.89
Tenant Recovery Revenue
CAM $29,722.00 $3.72
Insurance $6,000.00 $0.75
Taxes $16,000.00 $2.00
Total Recovery Revenue $51,722.00 $6.48
Effective Gross Income $378,172.00 $47.37
Expenses
CAM $29,722.00 $3.72
Insurance $6,000.00 $0.75
Property Taxes $16,000.00 $2.00
Total Recoverable Expenses $51,722.00 $6.48
Total Expenses $51,722.00 $6.48
Net Operating Income $326,450.00
Pro Forma
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 7
Lease Abstract
Tenant: Aspen Dental Management Inc.
DBA: Aspen Dental
Unit Size (SF): 3,500
Land Area (AC): 0.84
Tenants Pro Rata Share: 43.84%
Building Use: Retail
Original Term: 10 Years
Lease Term Remaining: +/- 9.80 Years
Rent Commencement: 6/17/2021
Rent Expiration: 6/30/2031
Annual Rent: $131,256
Rent Increases: 10% every Five (5) Years
Renewal Options: Three (3) Five (5) Year Options
Lease Type: NN
Landlord Responsibilities: Roof, Structure, CAM (Tenant Reimburses), Property and Casualty Insurance (Tenant Reimburses)
CAM:
Tenant pays fixed CAM Costs monthly as additional rent (includes all costs associated with maintenance and repairs to the Common Areas); adjusts annually by 3%. Landlord entitled to up to 5% of Tenant’s CAM Costs as a management fee
Taxes: Tenant pays pro-rata share as additional rent, adjusts annually
Insurance: Tenant pays pro-rata share as additional rent, adjusts annually
Utilities: Tenant pays direct
Rent Schedule
Lease Term
Lease Years
Dates Rent
Start End Annual Monthly PSF Increase
Primary Term
1-5 6/17/2021 6/30/2026 $131,256 $10,938 $37.50
6-10 7/1/2026 6/30/2031 $144,372 $12,031 $41.25 10.0%
Option 1 11-15 7/1/2031 6/30/2036 $158,820 $13,235 $45.38 10.0%
Option 2 16-20 7/1/2036 6/30/2041 $174,684 $14,557 $49.91 10.0%
Option 3 21-25 7/1/2041 6/30/2046 $192,144 $16,012 $54.90 10.0%
Lease Abstract | Aspen Dental
Representative Photo
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 8
Lease Abstract
Tenant: T-Mobile South, LLC*
DBA: T-Mobile Rental
Unit Size (SF): 2,000
Land Area (AC): 0.84
Tenants Pro Rata Share: 25.05%
Building Use: Retail
Original Term: 10 Years
Lease Term Remaining: +/- 9.74 Years
Rent Commencement: 5/21/2021
Rent Expiration: 5/31/2031
Annual Rent: $70,000
Rent Increases: 10% every Five (5) Years
Renewal Options: Two (2) Five (5) Year Options
Lease Type: NN
Landlord Responsibilities:Roof, Structure, CAM (Tenant Reimburses), Property and Casualty Insurance (Tenant Reimburses)
CAM:
Tenant pays pro-rata share monthly as additionalrent (includes all costs associated with maintenance and repairs to the Common Areas); CAM is capped at $3.50 PSF first full lease year. CAM costs capped at a 5% increases over the previous year.
Taxes: Tenant pays pro-rata share as additional rent, adjusts annually
Insurance: Tenant pays pro-rata share as additional rent, adjusts annually
Utilities: Tenant pays direct
Rent Schedule
Lease Term
Lease Years
Dates Rent
Start End Annual Monthly PSF Increase
Primary Term
1-5 5/21/2021 5/31/2026 $70,000 $5,833 $35.00 -
6-10 6/1/2026 5/31/2031 $77,000 $6,417 $38.50 10.0%
Option 1 11-15 6/1/2031 5/31/2036 $84,706 $7,059 $42.35 10.0%
Option 2 16-20 6/1/2036 5/31/2041 $93,180 $7,765 $46.59 10.0%
Lease Abstract | T-Mobile
Representative Photo*Tenant has a one-time Termination Option in Year 7
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 9
Lease Abstract
Tenant: PNC Bank, NA
DBA: PNC Bank
Unit Size (SF): 2,484
Land Area (AC): 0.84
Tenants Pro Rata Share: 31.11%
Building Use: Retail
Original Term: 10 Years
Lease Term Remaining: +/- 10 Years
Rent Commencement: 12/1/2021
Rent Expiration: 12/31/2031
Annual Rent: $125,200
Rent Increases: 10% every Five (5) Years
Renewal Options: Two (2) Five (5) Year Options
Lease Type: NN
Landlord Responsibilities:Roof, Structure, CAM (Tenant Reimburses), Property and Casualty Insurance (Tenant Reimburses)
CAM:Tenant pays pro-rata share monthly as additional rent (includes all costs associated with maintenance and repairs to the Common Areas)
Taxes: Tenant pays pro-rata share as additional rent, adjusts annually
Insurance: Tenant pays pro-rata share as additional rent, adjusts annually
Utilities: Tenant pays direct
Rent Schedule
Lease Term
Lease Years
Dates Rent
Start End Annual Monthly PSF Increase
Primary Term
1-5 12/1/2021 12/31/2026 $125,200 $10,433 $50.40 -
6-10 1/1/2027 12/31/2031 $137,620 $11,468 $55.40 10.0%
Option 1 11-15 1/1/2032 12/31/2036 $151,282 $12,607 $60.90 10.0%
Option 2 16-20 1/1/2037 12/31/2041 $166,310 $13,859 $66.95 10.0%
Lease Abstract | PNC Bank
Representative Photo
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 10
Aspen Dental OverviewAspen Dental is one of the largest and fastest-growing providers of denture and dental care services in the United States, and is committed to providing patients with affordable, high-quality care. What began at a dental lab
called Upstate Dental in Syracuse, New York, in 1964 has grown to an operation serving over four million dental patients annually across 43 states.
Aspen Dental practices follow a patient-driven retail model that feature visible locations in highly trafficked retail centers, with facilities that offer affordable and comprehensive dental care and convenient payment options. Aspen Dental Management Inc. (ADMI), Aspen Dental’s integrated business support service, provides a broad range of non-clinical services, including human resources and accounting. This allows dentists to spend more time caring for their patients and less time on the administrative and financial aspects of running a successful dental practice. ADMI currently has a credit rating of B/Stable from Standard & Poor’s.
Each office has certified oral hygienists and dentists for general dental care who provide patients with a full range of denture and dental services, including hygiene, oral surgery, fillings, whitening and crown and bridge work. Aspen Dental is the only authorized provider of seven styles of full and partial hand-crafted ComfiDents® brand dentures.
Located in super-regional retail areas, this year alone, more than 800 Aspen Dental-branded practices will service nearly 5 million patient appointments, including one million new patients. More than 75 Aspen Dental-branded practices are expected to open every year and provide high quality, affordable dental care to certain targeted demographic groups most in need of access to care. The dental profession is not impacted by the same economic challenges many other retailers face, and Aspen Dental’s number of practices is projected to double in the next five years.
800+ Locations
Nationwide
B/Stable (S&P)Credit Rating
Representative Photo
Tenant Profile
Tenant Name: Aspen Dental Management, Inc.
Doing Business As: Aspen Dental
Founded: 1964
Headquartered: DeWitt, New York
Entity Type: Private
Credit Rating: B/Stable (S&P)
No. of Locations: ±800 locations in 43 states
Website: www.aspendental.com
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 11
T-Mobile OverviewT-Mobile (NYSE: TMUS) is the brand name used by the mobile communications subsidiary of the German telecommunications company Duetsche Telekom AG. The brand is active in the Czech Republic, Netherlands, Poland, and the United States.
T-Mobile US, Inc. (S&P: BB), commonly shortened to T-Mobile, is an American wireless network operator. Its headquarters are located in Bellevue, Washington, in the Seattle metropolitan area. T-Mobile is the second-largest wireless carrier in the United States, with 102.1 million customers as of the end of Q4 2020.
On April 1st 2020, T-Mobile US and Sprint Corporation completed their merger deal, with T-Mobile now being the whole owner of Sprint, making Sprint an effective subsidiary of T-Mobile until the Sprint brand was officially phased out by August 2nd 2020. T-Mobile’s $26.5 billion acquisition of Sprint managed to close after waiting nearly two years, and for the three month period that covered April through June of 2020, T-Mobile generated $17.7 billion in revenue with net income weighing in at $110 million. The company earned 9 cents per share on a diluted basis. In addition to topping AT&T in the number of customers, T-Mobile is the largest 5G provider in the U.S. with more than 250 million people covered across 1.3 million square miles (7,500 cities and towns). According to a CNET report, “T-Mobile and Sprint’s combined assets should supercharge their ambitions to roll out 5G across the country, and the merged company’s larger presence should enable it to better compete against rivals Verizon Wireless and AT&T.” As of December 2020, T-Mobile ended their first fiscal year as a combined company. They reported revenues of $68.40 Billion and have a market cap of $174.10 Billion.
T-Mobile South, LLC is a subsidiary of T-Mobile US, Inc.
Tenant Profile
Company: T-Mobile US, Inc.
Ownership: Public (NASDAQ: TMUS)
Headquarters: Bellevue, WA
Market Cap (8/16/2021): $174.10 Billion
Revenue (FY 2020): $68.40 Billion
Net Income (FY 2020): $3.06 Billion
Net Worth (FY 2020): $65.34 Billion
Credit Rating: S&P: BB
Website: www.t-mobile.com
2,200+ locations
2nd Largest Wireless Carrier in U.S. with 102.1 Million Customers
T-Mobile now the whole owner of Sprint
Representative Photo
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 12
Corporate Profile
Parent Company: PNC Financial Services Group, Inc.
Exchange: NYSE: PNC
Revenue (FY 2020): $16.90 billion
Net Income (FY 2020): $7.25 billion
Market Cap (8/16/21): $80.45 billion (as of 8/16/2021)
Tenant: PNC Bank, N.A.
Credit Rating: A/Stable (S&P)
Headquarters: Pittsburgh, PA
Website: pnc.com
PNC Bank OverviewPNC Financial Services Group, Inc. (NYSE: PNC) is one of the largest diversified financial services companies in the United States. With headquarters in Pittsburgh, Pennsylvania, the company has businesses engaged in retail banking, corporate and institutional banking, asset
management and residential mortgage banking, providing products and services nationally across 38 states and the District of Columbia. As of December 2020, PNC reported total revenue of $16.90 billion and a net income of $7.25 billion.
PNC Bank, National Association (PNC Bank, N.A.) is the principal subsidiary and banking arm of PNC Financial Services Group, Inc. With over 2,300 locations and 18,000 PNC and Partner ATMs, PNC is the seventh largest bank in the United States by total assets. PNC’s Retail banking business segment provides deposit, lending, brokerage, investment management, and cash management services to consumer and small business customers within the company’s primary geographic markets through the branch network, ATM’s, call centers, online banking, and mobile channels.
PNC Bank, N.A. currently holds an investment grade credit rating of A/Stable from Standard and Poor’s Global ratings.
7th LargestBank in the U.S.
62,418Employees
2,300+Branches
18,000PNC/Partner ATMs
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 13
Asheboro, NC
Located in the heart of North Carolina approximately 70 miles from
the capital Raleigh and Charlotte, Asheboro is home to rich economic,
natural and cultural resources. The city’s “come as you are” attitude
invites all to jump in and become part of the community. With an
estimated population of 25,940, the city has experienced year-over-year
growth for the past 10 years.
Major employers in Asheboro include Randolph Hospital, Energizer,
Klaussner Furniture, MAS-Acme, Technimark, Asheboro City Schools
and Post Consumer Brands. Asheboro is the proud home of the North
Carolina Zoo, one of the largest natural-habitat zoos in the world and
features hundreds of animals from North America and Africa.
The Greensboro–Winston-Salem–High Point complex occupies two
counties and is sometimes called the Piedmont Triad. In comparison
to the state’s better-known triad of Raleigh–Durham–Chapel Hill, the
economy and lifestyle is more industrial and working-class, although
there is a strong university presence and a high level of educational
attainment. The economy has an interesting mix of declining and
emerging industries, but employment overall has been relatively stable.
Location Overview
Downtown Asheboro, NC
Greensboro, NC
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 14
White Oak White Oak Urgent CareUrgent Care
Kit KringleKit KringleUpscale Upscale
ConsignmentConsignmentProfessional Nails Professional Nails
& Hair& HairSalon CreativesSalon Creatives
Live to GiveLive to GiveStep ‘N Out Step ‘N Out
FormalsFormals
E Dixie Dr/US Hwy 64 (32,742 VPD)
St Hwy 42(8,990 VPD)
Asheboro Mall1.8 Million
Estimated Visits in the Last 12 Months
N
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 15
Asheboro Mall
Center Point Plaza
Lawson & Parks Lawson & Parks AutomotiveAutomotive
Accuchrome Accuchrome Tool & MoldTool & Mold
White Oak White Oak Urgent CareUrgent Care
Bill’s Body ShopBill’s Body Shop
Monitech Monitech Interlock Interlock
IgnitionSystemIgnitionSystem
Karen J. Rudd Karen J. Rudd LCCLCC
220 Thrift Store220 Thrift StoreVictorian Senior CareVictorian Senior Care
Christian United Outreach Christian United Outreach
Brewskie’sBrewskie’sABC StoreABC Store
United Youth Care United Youth Care ServicesServices
Randolph Health Randolph Health Internal MedicineInternal Medicine
NCWorks Career CenterNCWorks Career CenterLa Guerrero GroceryLa Guerrero Grocery
Triad Foot & Triad Foot & Ankle CenterAnkle Center
Primary Care Primary Care AsheboroAsheboro
Food Food Distribution Distribution
CenterCenter
Randolph Health Randolph Health & Rehabilitation & Rehabilitation CenterCenter
Jones Jones Skating RinkSkating Rink
Phasechange Phasechange EnergyEnergy
Sparkling SmilesSparkling SmilesGrinz OrthodonticsGrinz Orthodontics
Wake Forest Wake Forest Baptist HealthBaptist Health
Superior InsuranceSuperior Insurance
Thomas Tire & AutoThomas Tire & Auto
Randolph Health Randolph Health PediatricsPediatrics
David’s RestaurantDavid’s RestaurantBurge Flower ShopBurge Flower Shop
Asheboro DentalAsheboro Dental
Community Home Community Home Care & HospiceCare & Hospice
Asheboro Oral Asheboro Oral SurgerySurgeryAsheboro Oral Asheboro Oral SurgerySurgery
Kimbrell’s FurnitureKimbrell’s Furniture
Wallace Wallace Dental & Dental &
TMJTMJ
Covenant Christian Church
First Wesleyan
Church
East Side Baptist Church
Asheboro High School
1,327 Students
Donna Lee Loflin School 347 Students
Lindley Park Elementary 418 Students
South Asheboro Middle School 553 Students
Charles McCrary Elementary
372 Students
Asheboro Summit Apartments
Asheboro Mill Lofts
Sunset Place Apartments
Downtown Asheboro
Time Square PizzaOffice Warehouse
Four Saints Brewing Company
Asheboro Bagel CoAsheboro Popcorn CoNatty Bee’s BoutiqueCarolina Tap HouseThe Flea Marketeers
Collector’s Antique MallSixtyFour Juices
Ross House
Positano TakeoutAsheboro Farmer’s Market
Blackbird VintageSouthern Tails Dog School
Prevo WellnessAllergy & Asthma Center
Crafty Bucks Monroe’s Music & Jewelry
Central Bakery Inc.Flying Pig Food & Spirits
Cantino Taco LocoLeo’s Whiskey Bar
Randolph Health Hospital
Memorial Park & Pool
Bicentennial Park
Hammer Park
Interstate 73±3.5 Miles from
Subject Property
S Fayetteville St (16,070 VPD)
N
E Dixie Dr/US Hwy 64 (32,742 VPD)
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 16
Site Plan
E Dixie Dr/US Hwy 64 (32,742 VPD)E Dixie Dr/US Hwy 64 (32,742 VPD)
To Asheboro MallTo Asheboro Mall
NW
*Parcel boundaries shown are an approximation. It is the responsibility of the Buyer to verify the size and shape of the parcel.
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 17
N5 miles
3 miles
1 mile
Source: Esri, 2021
Asheboro
Demographics
Population 1 mile 3 miles 5 miles
2021 Population 1,855 20,773 41,753
2026 Population 1,875 21,031 42,569
2010-2021 Annual Rate 0.02% 0.07% 0.29%
2021-2026 Annual Rate 0.21% 0.25% 0.39%
Households
2021 Total Households 710 8,434 16,283
2026 Total Households 718 8,547 16,607
2010-2021 Annual Rate 0.06% 0.06% 0.28%
2021-2026 Annual Rate 0.22% 0.27% 0.39%
Household Income
2021 Average Household Income $51,457 $50,582 $53,196
2021 Median Household Income $37,050 $40,092 $42,568
41Kpopulation(5 miles)
$53Kavg. HH inc.
(5 miles)
Aspen Dental | T-Mobile | PNC Bank | Asheboro, NC 18
going beyond
The information contained herein was obtained from sources believed reliable, however, Stan Johnson Company makes no guaranties, warranties or representations as to the completeness thereof. The presentation of this property for sale, rent or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notices.
Stan Johnson Company6120 South Yale Avenue | Suite 300Tulsa, Oklahoma 74136 P: 918.494.2690
stanjohnsonco.com
Ryan Butler Managing Director & Partner [email protected]
Brad Moulder Senior Director & Partner [email protected]
Anne Perrault Director [email protected]
David Annett Associate Director [email protected]
Brandon Sherrill Associate [email protected]
Jacob Ryan Investment Analyst [email protected]
In Association With: Jeff Hughes NC Broker #101282